About Penguin Solutions, Inc.
Penguin Solutions is an American technology company headquartered in Fremont, California. The company was first founded in 1988 as SMART Modular Technologies. The company rebranded to SMART Global Holdings and held an initial public offering in 2017, after spending years as a subsidiary of other companies or as its own private company. In October 2024, the company rebranded as Penguin Solutions. The company specializes in artificial intelligence infrastructure, high-performance computing, and memory solutions. Penguin Solutions is included on the S&P 600.